The auction “Important Watches, Featuring The Triazza Collection Part I”, organized by Christie’s in Hong Kong on November 27, 2022, featured an exclusive selection of 218 pieces of the finest watch brands chosen for their condition, rarity and quality. The total sale, including fees, was $15,593,249 USD, representing 79% of the lots presented.

BEST RESULTS

Lot 2519 : PATEK PHILIPPE, ref. 5073P, Rare platinum and diamond wristwatch with perpetual calendar, minute repeater, moon phases, 24h indication and leap year. Sold for $1,747,200 USD.

Lot 2523 : PATEK PHILIPPE, “World Time”, ref. 605, Yellow gold tuxedo watch with world time, cloisonné enamel dial featuring a map of North America. Circa 1950. Sold for $999,936 USD.

BEST PERFORMANCES

Lot 2387 : JAEGER LECOULTRE FOR HERMÈS, Atmos, so-called perpetual crystal clock, limited edition of 176. 608% variation between the low estimate and the final result ($72 576 USD).

Lot 2386 : DE BEERS, a gilt glass and brass hourglass with 2000 diamonds (36 carats). 477% variation between the low estimate and the final result ($17,740 USD).

Lot 2396 : GERALD GENTA, Retro Fantaisy “Mickey Mouse”, steel wristwatch with jumping hours and mother-of-pearl dial. 425% variation between the low estimate and the final result ($16,128 USD)

BREAKDOWN BY BRANDS

PATEK PHILIPPE

Occupying the top spot in the sale’s top price ranking. PATEK PHILIPPE realized the highest figure of the sale, $10,232,141 USD.

ROLEX

Occupying the second place of the best prices of the sale, ROLEX realized the figure of 1 922 458 $ USD

CARTIER

With a watch that reached the price of $338,688 USD, CARTIER was the third best performing brand in this sale with a result of $845,752 USD.

These three brands accounted for total proceeds of $13,000,351 USD, or 83% of the total sale.

AVERAGE PRICE PER LOT
Given the number of lots, 218 in total, including 45 unsold lots, the average price of a lot was $90,134 USD.

CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Patek Philipe, Rolex, Cartier.

GEOFFROY ADER

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